Termination Upon Executive’s Death. In the event of the Executive’s death, the Company shall pay to the Executive’s estate any unpaid Salary through the Employment Termination Date and any Stock Options which have not vested as of the Employment Termination Date shall be terminated.
Termination Upon Executive’s Death. In the event of the Executive's death, the Company shall pay to the Executive's estate (1) any unpaid amount of Base Compensation through the date of death at the then effective Base Compensation rate plus (2) any accrued but unpaid Incentive Compensation plus (3) any expenses incurred in accordance with Section 6 hereof. All previously granted stock options, rights, warrants and awards shall fully vest on the death of the Executive, except that the provisions of the Company's Stock Incentive Plan and any other Benefit Plan shall control the benefits and awards covered thereby.
Termination Upon Executive’s Death. If the Executive’s employment terminates during the Term due to the Executive’s death, then:
(i) SSP Partners shall pay Executive’s beneficiary, in a lump sum as soon as practicable following the Date of Termination, (A) Executive’s accrued but unpaid Base Salary and bonus through the Date of Termination, (B) Executive’s accrued vacation pay through the Date of Termination and (C) a pro-rata portion of Executive’s target bonus for the year in which the termination of employment occurs;
(ii) SSP Partners or the Company shall provide Executive’s spouse and dependents with continued health benefits under the SSP Partners or Company benefit plans, as applicable, for a period of one (1) year following the Date of Termination; and
(iii) notwithstanding any provision in any equity incentive plan or equity award agreement to the contrary, all restricted stock and stock options described in Section 5(e) and held by Executive immediately prior to the Date of Termination shall vest.
Termination Upon Executive’s Death. This Agreement shall terminate immediately upon Executive’s death. Thereafter, the Company shall pay to the Executive’s estate all compensation fully earned, and benefits fully vested as of the last date of Executive’s continuous, full-time active employment with the Company; and will provide the estate with the reimbursement of any reasonable business expenses that the Executive incurred prior to his death in accordance with the Company’s expense reimbursement policies. For purposes of this Agreement, continuous, full-time active employment shall be defined as the last date upon which Executive continuously performed his job responsibilities on a regular, full-time basis consisting of at least 35 hours per week, and in the usual course of the Company’s business (“Continuous Full-Time Active Employment”). In case of Executive’s death, the Company shall not be required to pay any form of severance or other compensation concerning or on account of the Executive’s employment with the Company or the termination thereof.
Termination Upon Executive’s Death. This Agreement shall terminate upon death of Executive; provided, however, that in such event the Corporation shall pay to the estate of Executive his compensation including salary and accrued target bonus, if any, which otherwise would be payable to Executive through the end of the month in which his death occurs.
Termination Upon Executive’s Death. This Agreement shall terminate upon the death of Executive.
Termination Upon Executive’s Death. In the event of Executive’s death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s estate any compensation and benefits earned but not yet paid as of the date of Executive’s death. Such payment shall be made within ninety (90) days following Executive’s death; provided that where the ninety- (90-) day period begins in one calendar year and ends in another year, neither the estate nor Executive’s beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s death, during the remainder of the Employment Term (not in excess of twenty-four (24) months following Executive’s death), Cedar Fair, at its expense, shall continue the health care coverage for Executive’s spouse and eligible dependents, subject to the terms and conditions of Section 5(b) hereof.
Termination Upon Executive’s Death. In the event of the death of Executive during the term of this Agreement, Executive’s employment with XStream shall terminate effective as of the date of Executive’s death. XStream shall pay Executive’s estate all Base Salary, Annual Bonus (if already awarded), Stock Options, Business Expenses and Benefits which are due and accrued through the date of Executive’s death. All such amounts shall be payable to Executive’s estate within ten (10) days of Executive’s death.
Termination Upon Executive’s Death. If Executive’s employment terminates during the Term due to Executive’s death, then:
(i) the Company shall pay to Executive’s beneficiary, (A) any accrued, but unpaid Base Salary and Annual Bonus through the Termination Date, (B) any accrued but unpaid vacation pay through the Termination Date, and (C) a pro-rata portion of Executive’s Annual Bonus for the Termination Year; and
(ii) the Company shall provide Executive’s spouse and dependents with Continued Benefits for 12 months following the Termination Date.
Termination Upon Executive’s Death. In the event of Executive’s death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s estate any compensation and benefits earned but not yet paid as of the date of Executive’s death. Such payment shall be made within ninety (90) days following Executive’s death; provided that where the ninety- (90-) day period begins in one calendar year and ends in another year, neither the estate nor Executive’s beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s death, during the remainder of the Employment Term (not in excess of twenty-four (24) months following Executive’s death), Executive’s spouse and eligible dependents, subject to the terms and conditions of Section 5(b) hereof, shall have the right to continue medical and dental insurance coverage during such remainder of the Employment Term pursuant to COBRA Law, and from the date of Executive’s death through the remainder of the Employment Term, Executive’s spouse and eligible dependents shall be required to pay the full cost of the amount for such coverage (both COBRA Law continuee and employer) on an after-tax basis and, if permitted under applicable law, as determined in good faith by Cedar Fair, Cedar Fair shall reimburse such COBRA Law continuee(s) for the payments on a monthly basis.
